Uber is planning to file its S-1 prospectus with the Securities and Exchange Commission in April and begin its investor roadshow shortly thereafter, Reuters said, citing unnamed people familiar with the matter.

SoftBank's Vision Fund and Toyota Motor are part of a consortium of investors in talks to invest $US1 billion in Uber's self-driving vehicle unit, Reuters has reported.

Under the leadership of founder Travis Kalanick, Uber was reluctant to go public because of the high underwriting costs and financial scrutiny involved in the process.

Uber will actually get beaten to an IPO by its smaller rival, Lyft, which is expected to complete its IPO in the coming weeks.

Uber has recently been valued at United States dollars 76 billion in the private market and is seeking a valuation as high as USD 120 billion. Lyft, meanwhile, is looking for a market valuation between $20 billion and $25 billion after being valued at $15 billion in its most recent private funding.

The two companies are positioned to kick off a string of hotly anticipated public debuts from highly valued tech companies, energizing the IPO market after a quiet start to the year. But its autonomous unit, formed in 2014, loses between $100 million and $200 million each quarter.

Under the terms of the proposed deal, investors would purchase from a pool of Uber stock specifically earmarked for the self-driving technologies unit.

Dara Khosrowshahi, chief executive officer of Uber, has previously said a culture change is a work in progress.

It operates in more than 70 countries and includes ride-hailing, bike and scooter rentals, freight hauling, food delivery and a self-driving auto division.

Uber's revenue past year was $11.3 billion, while its gross bookings from rides were $50 billion. Taking on large investors that will influence a key business is an unusual move for a company so close to an IPO.

Recommended News

Mashud said about 17 Bangladeshi players and team staff on the bus watched as blood-soaked victims staggered from the building. The team has been in New Zealand for more than a month, playing three one-day internationals ahead of a three-Test series.

The dissenting judges said the lawsuit would interfere with Mr Trump's job as President, and should wait until he left office. A state Supreme Court Appellate Division panel issued its ruling Thursday in a case brought by Summer Zervos .

Ardern said the attack by people with "extremist views" was "unprecedented - unlike any that we have experienced before". Heba told the Dubai-based news outlet that she lost five family friends, including a 12-year-old boy, in the attack.

"Olivier is, for us, a very important player". "Callum needs to do it as well and take these opportunities when they come along". The 60-year-old Italian had been livid at the state of... "I thought he was terrific", Walker said.

If an application is targeting Android 9 and lower, the permissions will be automatically added, the company explained. The company during its sweep discovered the adware inside 210 apps on the Google Play Store .

They include the way the eggs were cooked, or changes to peoples' diets that occurred after the study information was gathered. They took into account high blood pressure, smoking, obesity and other traits that could contribute to heart problems.

The camera attached to his head recording the massacre follows the barrel of his weapon, like some macabre video game. At least 49 people were killed and dozens injured in the unprecedented attack that stunned the nation and the world.

Mike Thalassitis first rose to fame on Love Island 2017. "My thoughts go out to all of Mikes friends and family". Mike quickly garnered the nickname "Muggy Mike" following an altercation with Chris Hughes over Olivia.

They are always at you, they play with a lot of enthusiasm and effort and have got a lot of attacking strings to their bow. Ben Youngs will make his 85th appearance to surpass the England record for a scrum-half held by Danny Care.

Various Warriors did a solid job handling Harden's isolations, and the hustle was definitely there when getting out on shooters. So.it's interesting". "But it makes it hard no matter who we're playing, if you don't give a team second-chance opportunities".

Follow Us!

Join The Conversation

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.

Flood warning to expire at 10:15 am Thursday
The plant continues to operate safely and "there is no threat to plant employees or to the public", the utility said in a release. Flooding is also common if somewhat less widespread in parts of Wisconsin, Minnesota, Michigan, and South Dakota in particular.

India vs Australia - Highlights & Stats
Australia won just two ODI matches past year , the fewest ODI victories since 1978 when it played only two one-day internationals. Speaking to PTI Bishan Singh Bedi said that Dhoni's absence was felt in the fourth match between India and Australia.

Australian PM slams disgusting remarks by Senator
He went on to claim the real cause of the bloodshed that's left at least 49 people dead is New Zealand's immigration policy. Independent Queensland Senator Fraser Anning has been slammed for his appalling response to the Christchurch terror attack .

Golden Tate has hilarious reaction to Giants signing him
According to ESPN's Adam Schefter , Tate is signing a four-year deal worth up to $37.5 million with $23 million guaranteed. And Pat Shurmur's offense should be interesting if the line can keep the veteran signal-caller out of harm's way.

U.S. plans to test ground-launched cruise missile in August
However, he thinks it could be possible that the Trump administration was simply arranging for an end of the INF treaty. Kyiv says the collapse of a landmark Cold War arms-control pact gives it a free hand to develop new ballistic missiles.